Online shopping satisfaction rates in Cyprus among highest in EU

Online shopping satisfaction rates in Cyprus among highest in EU

Cyprus has one of the lowest rates of online shopping complaints in the European Union, as only 14.7 per cent of its consumers reported issues, according to data released by Eurostat on Wednesday. Moreover, lowest shares were also reported in Portugal (4.3 per cent) and Latvia (13.7 per cent) In contrast, around one-third (33.1 per cent) of EU consumers faced challenges, with Luxembourg (55.5 per […]

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Cambodia commences luxurious Prek Treng Beach resort construction in Preah Sihanouk

Cambodia commences luxurious Prek Treng Beach resort construction in Preah Sihanouk

Cambodia has taken a bold step towards enhancing its coastal appeal as Say Samal, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction, and his spouse, led the groundbreaking ceremony for the upscale public beach resort “Prek Treng Beach” yesterday. Held in Village 3, Sangkat 1, Sihanoukville, the event attracted provincial leaders, […]

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Cyprus posts surplus of 1.6% of GDP in January

Cyprus posts surplus of 1.6% of GDP in January

Cyprus recorded in January a general government surplus of 566.9 million euros (1.6% of GDP) according to the preliminary fiscal data by the Statistical Service (CyStat). The service said on Monday that the corresponding surplus for January 2024 amounted to €476.5 million (1.4% of GDP). Total revenue in January increased by €194.3 million (+14.3%) to […]

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Total employment increases by 1.7% in Q4 2024

Total employment increases by 1.7% in Q4 2024

Total employment for the fourth quarter of 2024 is estimated at 500,606 persons, of which 448,007 are employees and 52,599 are self-employed. According to CySTAT, compared to the corresponding quarter of 2023, total employment increased by 1.7% for the 4th quarter of 2024. The most significant percentage increases were observed in the economic activities of […]

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Cyprus interest rates converging with eurozone average, Central Bank reports

Cyprus interest rates converging with eurozone average, Central Bank reports

The interest rates of Cypriot banks for both deposits and loans are showing increased alignment with eurozone averages, according to data published by the Central Bank of Cyprus for December. The initiative aims to enhance market transparency and consumer awareness by providing detailed breakdowns of rates offered by individual financial institutions, enabling households and businesses to make more informed financial […]

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Cyprus implements restrictions on solar farms to protect agricultural land

Cyprus implements restrictions on solar farms to protect agricultural land

Cyprus has implemented new restrictions on licensing solar farms on agricultural land, following recommendations from the Audit Office, Interior Minister Konstantinos Ioannou told the House Agriculture Committee on Tuesday. The committee continued discussions on protecting agricultural land from solar installations, with the Energy, Commerce and Agriculture Ministers attending alongside representatives from the energy regulator CERA, transmission system […]

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Cyprus capital markets brace for major regulatory updates

Cyprus capital markets brace for major regulatory updates

CySEC conducted 850 audits, issued €2.76m in fines in 2024 The Cyprus Securities and Exchange Commission (CySEC) on Tuesday outlined its key regulatory actions and market oversight efforts during a press conference in Nicosia. The commission’s presentation focused on legislative and technological developments shaping the capital markets in 2025. The commission highlighted increasing institutional and regulatory requirements, digital transformation, and […]

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